EMCOR Group (NYSE:EME) Earns Sell Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of EMCOR Group (NYSE:EME) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm issued a sell rating and a $445.00 target price on the construction company’s stock.

A number of other analysts have also weighed in on the stock. DA Davidson upped their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Trading Down 4.2 %

EMCOR Group stock opened at $504.92 on Friday. The firm has a market capitalization of $23.23 billion, a PE ratio of 25.64 and a beta of 1.07. EMCOR Group has a 12-month low of $209.31 and a 12-month high of $532.38. The firm has a 50-day moving average price of $457.00 and a 200-day moving average price of $402.81.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the company earned $3.61 earnings per share. As a group, sell-side analysts predict that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Hedge Funds Weigh In On EMCOR Group

A number of large investors have recently made changes to their positions in the business. Fulcrum Equity Management purchased a new position in EMCOR Group during the 3rd quarter worth $205,000. SkyView Investment Advisors LLC boosted its holdings in EMCOR Group by 0.9% in the third quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company’s stock worth $3,243,000 after acquiring an additional 68 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of EMCOR Group during the third quarter worth about $204,000. Fortem Financial Group LLC increased its holdings in shares of EMCOR Group by 7.1% during the third quarter. Fortem Financial Group LLC now owns 6,946 shares of the construction company’s stock valued at $2,990,000 after acquiring an additional 459 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in EMCOR Group by 30.1% in the 3rd quarter. Toronto Dominion Bank now owns 5,992 shares of the construction company’s stock worth $2,580,000 after purchasing an additional 1,387 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.